I'm looking at $USDSEK, and it seems to have hit a ceiling around 9.49702 multiple times today. I'm curious if anyone else sees this as a potential short-term resistance level, or if there's enough upward momentum to push through. My risk for this view would be a solid close above that level on the daily.
Interesting point about that ceiling. I've been watching USDSEK too but hadn't quite pinpointed that exact level. Do you think there's a specific fundamental reason for it to struggle there, or is it purely technical?
I'm seeing similar action around that level. The candlesticks are printing some decent rejection wicks, suggesting sellers are active there. Might be worth watching the volume on any pushes above it for conviction.
Yeah, I'm seeing something similar. That 9.497-ish area does seem to be holding up pretty well. Are you seeing significant volume at that level or is it more of a lack of buying interest pushing it down?